Exchanges

Indian cryptocurrency exchange WazirX is currently facing challenges as external parties not invested in the platform are trying to prolong its restructuring process for their own gains. The exchange revealed that these parties are intentionally creating and maintaining uncertainty in order to hinder the resolution of the situation caused by a major security breach on

Recently, a US federal judge made a decision that denied crypto exchange Kraken’s request to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit filed by the SEC alleged that Kraken was operating an unregistered securities exchange, broker, dealer, and clearing agency. The regulator claimed that Kraken had been illegally facilitating

Recently, Coinbase announced its support for the Ethereum layer-2 network Polygon’s planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). The exchange revealed its plans to begin migrating the Polygon ticker from MATIC to POL starting Aug. 26. This move signifies a significant shift in the cryptocurrency market as it embraces

In a recent announcement, Binance, the world’s largest crypto exchange by trading volume, revealed that it had successfully prevented over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024. The exchange reported that over $1.1 billion, representing about 45% of the averted losses, were withdrawals linked to

Indian cryptocurrency exchange WazirX recently faced a $235 million hack that prompted the company to reevaluate its asset custody arrangements. In response to the breach, WazirX made the decision to end its custody arrangement with Liminal and transfer its assets to new multi-signature wallets for enhanced security measures. The exchange stated that ensuring the maximum

Recently, crypto exchange Binance has agreed to pay $1.76 million to Brazilian regulators to settle allegations of unlicensed derivatives trading in the country. This settlement with the Comissão de Valores Mobiliários (CVM), Brazil’s securities regulator, signifies the conclusion of a year-long investigation into Binance’s operations in Brazil. The regulatory crackdown began in July 2020, when

Australia’s Securities and Investments Commission (ASIC) has taken legal action against the Australia Securities Exchange (ASX) Ltd., alleging that the exchange made false statements regarding its blockchain trade settlement project. ASIC claims that the ASX misled the public by stating that the project was progressing and on track for a 2023 launch, when in reality,

In a recent development, a US appeals court has made a significant ruling in the case of a class-action lawsuit against Binance.US, the US subsidiary of the global Binance exchange. The lawsuit involves allegations of price manipulation of the Hex token by Binance.US and CoinMarketCap, another entity owned by Binance. The plaintiff, Ryan Cox, initially

Coinbase, a leading cryptocurrency exchange, has taken a stand against the US Securities and Exchange Commission’s (SEC) proposal to expand the definition of “exchange” to include decentralized exchanges (DEXs). In a comment letter submitted to the SEC, Coinbase’s Chief Legal Officer, Paul Grewal, argued that the proposed rule could have detrimental effects on innovation and

The recent turmoil in Venezuela following controversial presidential election results has led to the Venezuelan government restricting access to various websites, including Binance, a popular cryptocurrency exchange platform. This move has raised concerns among users in the country who heavily rely on Binance for peer-to-peer transactions of stablecoins like USDT and Bitcoin due to the